How major US stock indexes fared Wednesday

By The Associated PressAugust 28, 2019

Stocks overcame an early stumble and closed broadly higher Wednesday as the market more than made up its losses from a day earlier.

Banks and retailers accounted for a big slice of the rally. Investors continued to shift money into U.S. government bonds, keeping long-term yields below short-term ones. The so-called inversion of the U.S. yield curve is a rare phenomenon that has correctly predicted previous recessions.

On Wednesday:

The S&P 500 rose 18.78 points, or 0.7%, to 2,887.94.

The Dow Jones Industrial Average climbed 258.20 points, or 1%, to 26,036.10.

The Nasdaq gained 29.94 points, or 0.4%, to 7,856.88.

The Russell 2000 index of smaller company stocks added 16.67 points, or 1.1%, to 1,472.71.